Nupur Anand, Daily News & Analysis (DNA) Mumbai, October 6, 2012 The buoyancy in retail stocks is unlikely to last, experts would have us believe. The sector has been upbeat since the government gave its go-ahead last month to 51% foreign direct investment (FDI) in multi-brand retail and 100% FDI in single-brand retail. Retail stocks have gained anywhere between 7% and 36% in the past three weeks. However, analysts believe poor earnings will poop the party. Brokerage CLSA said in a note earlier this week that September quarter earnings will remain tepid for the sector with players like Shoppers Stop…
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Priyanka Pani, The Hindu Businessline Mumbai, October 5, 2012 Madura Fashions and Lifestyle (MF&L), the branded retail arm of Aditya Birla Nuvo, is stitching plans to reposition its premium menswear brand Allen Solly as a family product. The company will enter the kidswear segment early next year with a formal national roll-out. Madura Fashions is trying to reap the benefits from a growing kidswear segment in India. According to a recent report by retail research firm Technopak Advisory, this sector is witnessing high growth with girls wear growing at 11 per cent, and boys’ at 10 per cent. “We have…
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Vishal Krishna, Businessword Bangalore, September 29, 2012 It is an early Monday morning and Sandhya Ram is busy preparing a presentation. But at the back of her mind are thoughts about her kitchen supplies, and what to cook for dinner. Sandhya needs provisions in a hurry so she turns to a grocery retailing website — it is convenient and the order comes right to her door. “I am a PhD student, and a mother. My husband is a consultant. We have no time to shop, and shopping for groceries outside takes time and energy,” says Sandhya, who is also a…
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Nupur Anand, Daily News & Analysis (DNA) Mumbai, September 28, 2012 Infiniti Retail, Tata Sons’ wholly owned subsidiary that runs Croma consumer electronic goods chain, has acquired Australian major Woolworths Wholesale’s Indian arm for around Rs 200 crore. The acquired company has been a supplier to Infiniti for six years. Ajit Joshi, CEO of Infiniti Retail, said, “Once the deal is complete, we will merge Woolworths Wholesale India into Infiniti. We will also take their employees under our wing. With this buy, the total funding by Tata Sons in Infiniti has touched Rs 700 crore.” The acquisition gives Infiniti full…
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Nupur Anand & Priyanka Golikeri, Daily News & Analysis (DNA) Mumbai/Bangalore, September 27, 2012 FMCG companies are dusting off their strategy of selling products in small sized packs to prop up falling sales in the discretionary food segment. Volumes in the discretionary category have dropped 2-7% in the first six months of this year, though sales of essential food items have stayed firm. As a result, a host of products such as noodles, biscuits, chocolates and other snacks are increasingly being made available by companies in small sized packs, or sub-Rs 10 price points, to lure consumers who have cut…
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